How to Earn Your First Dollar

Monetization means that you have to ask this question: How do i earn my first dollar? If you have the ability to earn your first dollar, you will be able to repeat it and therefore be able to repeat the same system. But selling something at $1 is different from selling something at $20 - which is also different from selling something at $397. Each contain different considerations, and mostly are commonsense. Your $1 system is usually easier to implement. $397 is usually less simple to implement. Each monetization method is different, and commands different premiums, as indicated above.

#01 METHOD
The first way is through affiliate programs (or reseller or associate programs). When a third party makes a payment to you because of a service that you are providing, you are an affiliate or associate. Under this model, there is no need to own any product. Typically, this model is for complete beginners, although advanced Internet marketers also do affiliate marketing as they are able to create much bigger affiliate commission.

#02 METHOD
Second is through sales of products. This could include resale rights products or even products that you create on your own. When you create a product of your own, you can sell it and receive payment on your own. These products include books, audio CDs, MP3s, video programs and the like. They could also include scripts and computer programs.

#03 METHOD
The third method of making money is through some kind of service that is required that can be delivered over the Internet. So, this could include online consultations, counseling and coaching programs.

#04 METHOD
The fourth method is to create a membership program. Here, when people subscribe to a paid service that you provide, such as a membership site, a newsletter that contain regular, high quality information for subscribers. It could even be a networking site. It could be a directory service. The limits to the effectiveness of your membership program are only in your imagination and creativity.

#05 METHOD
The fifth method is to create and run events. These events could include seminars, teleseminars, conventions, forums, gatherings, retreats, contests, community events, and any other conceivable event from Tupperware parties to competitions.